Development Team

After a year-long search by the Korean government to find a Western development partner, Gale International was invited to evaluate a potential partnership with Korean construction giant, POSCO E&C and the City of Incheon. In July 2001, Gale International and POSCO E&C enter a Memorandum of Understanding with the City of Incheon, giving this new partnership, known as NSIC, exclusive development rights for the first 1,500 acres of reclaimed land in Songdo International Business District.

Gale International

Gale International is a premier, global real estate development and investment company dedicated to creating dynamic environments in which people live, work and thrive. With roots that date back to 1922, the company is the culmination of decades of experience in commercial, mixed-use and residential developments. Gale International continues to make an indelible mark on the world's skyline, from landmark towers to city-scale development.

Gale International currently has 26 projects in development including Songdo International Business Disctrict (IBD). Songdo IBD has been heralded as the world's first "green city," built with state-of-the-art technology, in adherence to the strictest standards of environmental sustainability.

Gale International is recognized as the foremost expert in international city-scale development, operating out of headquarters in New York with offices across North America and Asia.

Posco E&C

POSCO E&C is a general construction company established in December 1994, aiming for a global engineering & construction company based on expert engineering technologies, know-hows, and man powers with skills and experiences from the integrated steelworks of POSCO which has one of the world-wide competitiveness in ironworks.

From its strategic business planning to design, construction and test-run, POSCO E&C not only has been implementing a series of projects, but also has earned trust from its customers in diverse industries including plant construction for steel plant, environmental plant, power plant, new city development & architecture, social overhead capital (SOC) and skyscrapers.

POSCO E&C has also expanded its business to the development of new cities and complex such as Songdo International Business District in South Korea and North An Khanh New City in Vietnam, and to new and recycling energy sector including building power plants for solar, wind and tidal energy for future. In addition, POSCO E&C has been expanding its market to countries in Latin America, Middle East and Eastern Europe.

POSCO E&C has been tuning to meet challenges in amid rapid changes in business environments based on its people-oriented value and technologies with competitiveness, and maintaining its sustainability as SMART Global E&C Company leading the 21st century.